Signet Jewelers
SIG NYSE Specialty Stores Financials FY2017βFY2026
Signet Jewelers' revenue rose 1.6% to $6.8 billion in fiscal 2026. Its operating margin was 5.8%, up from 1.6% a year earlier. Free cash flow was $525 million, up 20.0%. It paid out $257 million in dividends and buybacks, 49% of free cash flow. The diluted share count fell 5.7%.
What Signet Jewelers does
No business description yet.
- Legal name
- SIGNET JEWELERS LIMITED
- Fiscal year ends
- January 31, 2026
- Latest annual report
- β
- Accession Β· CIK
- 0000832988-26-000055
0000832988
Revenue and margins
Signet Jewelers had $6.8B of revenue in fiscal 2026, up 1.6% on the year before.
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew 0.0% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $525M in fiscal 2026, 7.7% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Signet Jewelers returned $257M to shareholders in fiscal 2026, 49% of free cash flow. The diluted share count fell 5.7%.
Value Signet Jewelers yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of $875M and divides by 41.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 13.6x Β· peers 12.9x Β· sector 17.9x.
Balance sheet
Cash, debt and the ratios that show how comfortably Signet Jewelers can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.4B | $1.2B | $1.4B | $604M | $875M |
| Debt incl. finance leases | $147M | $147M | $148M | $0.0M | $0.0M |
| Net debt / EBITDA | β1.2x | β1.3x | β1.6x | β2.3x | β1.6x |
| Debt / equity | 0.1x | 0.1x | 0.1x | 0.0x | 0.0x |
| Interest coverage | 53.5x | 44.8x | 39.1x | 8.0x | 51.7x |
| Current ratio | 1.8x | 1.6x | 1.8x | 1.5x | 1.6x |
| Quick ratio | 0.8x | 0.6x | 0.8x | 0.4x | 0.6x |
| Total assets | $6.6B | $6.6B | $6.8B | $5.7B | $6.0B |
| Total liabilities | $4.4B | $4.4B | $4.0B | $3.9B | $4.0B |
| Shareholders' equity | $1.6B | $1.6B | $2.2B | $1.9B | $2.0B |
| Net debt (β = net cash) | β$1.3B | β$1.0B | β$1.2B | β$604M | β$875M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.6M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 25, 2026 | Brian A TilzerDirector | Sold | 7,000 | $88.96 | $0.6M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 7 / 9 | 5 / 9 | 8 / 9 |
| Accruals ratio | 3.9% | β8.5% | β6.6% |
| Altman Z'' | 4.52 | 3.77 | 4.40 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Signet Jewelers SIG | $4.6B | 1.6% | 5.8% | 7.7% | 24.9% | 13.6x | 8 | |
| Academy Sports + Outdoors ASO | $3.8B | 2.0% | 8.5% | 3.7% | 17.6% | 10.1x | 7 | Compare β |
| Five Below FIVE | $12.4B | 22.9% | 9.6% | 8.6% | 26.9% | 20.0x | 7 | Compare β |
| Sally Beauty SBH | $1.7B | β0.4% | 8.9% | 4.7% | 16.1% | 9.1x | 8 | Compare β |
| Dick's Sporting Goods DKS | $13.0B | 28.1% | 6.4% | 2.3% | β | 15.7x | β | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $6.4B | $6.3B | $6.2B | $6.1B | $5.2B | $7.8B | $7.8B | $7.2B | $6.7B | $6.8B |
| Gross profit | $2.4B | $2.2B | $2.2B | $2.2B | $1.7B | $3.1B | $3.1B | $2.8B | $2.6B | $2.7B |
| Operating income | $763M | $580M | β$765M | $158M | β$57.7M | $903M | $605M | $622M | $111M | $393M |
| Interest expense | $49.4M | $52.7M | $39.7M | $35.6M | $32.0M | $16.9M | $13.5M | $15.9M | $13.8M | $7.6M |
| Pretax income | $714M | $527M | β$803M | $130M | β$89.7M | $884M | $451M | $640M | $124M | $398M |
| Income tax | $171M | $7.9M | β$145M | $24.2M | β$74.5M | $115M | $74.5M | β$171M | $63.0M | $104M |
| Net income | $543M | $519M | β$657M | $106M | β$15.2M | $770M | $377M | $810M | $61.2M | $294M |
| Diluted EPS | $7.08 | $7.44 | β$12.62 | $1.40 | β$0.94 | $12.22 | $6.64 | $15.01 | β$0.81 | $7.08 |
| Diluted shares | 0.08B | 0.07B | 0.05B | 0.05B | 0.05B | 0.06B | 0.06B | 0.05B | 0.04B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | $678M | $1.9B | $698M | $556M | $1.4B | $1.3B | $798M | $547M | $591M | $679M |
| Capital expenditure | $278M | $237M | $134M | $136M | $83.0M | $130M | $139M | $126M | $153M | $154M |
| Free cash flow | $400M | $1.7B | $564M | $419M | $1.3B | $1.1B | $659M | $421M | $438M | $525M |
| Depreciation and amortization | $189M | $203M | $184M | $178M | $176M | $164M | $165M | $162M | $148M | $148M |
| Stock-based compensation | $8.0M | $16.1M | $16.5M | $16.9M | $14.5M | $45.8M | $42.0M | $41.1M | $22.2M | $26.9M |
| Acquisitions | $0.0M | $332M | $0.0M | $0.0M | $0.0M | $516M | $392M | $6.0M | $0.0M | $0.0M |
| Share buybacks | $1.0B | $460M | $485M | $0.0M | $0.0M | $312M | $376M | $139M | $138M | $205M |
| Dividends paid | $75.6M | $76.5M | $79.0M | $77.4M | $19.4M | $19.0M | $36.6M | $39.9M | $48.6M | $51.9M |
| Dividends and buybacks | $1.1B | $537M | $564M | $77.4M | $19.4M | $331M | $413M | $179M | $187M | $257M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $98.7M | $225M | $195M | $375M | $1.2B | $1.4B | $1.2B | $1.4B | $604M | $875M |
| Total debt | $1.5B | $776M | $813M | $709M | $147M | $147M | $147M | $148M | $0.0M | $0.0M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $4.6B | $3.4B | $2.9B | $3.2B | $3.6B | $3.7B | $3.5B | $3.5B | $2.7B | $3.0B |
| Current liabilities | $1.2B | $1.0B | $1.0B | $1.7B | $2.0B | $2.1B | $2.2B | $2.0B | $1.8B | $1.9B |
| Inventory | $2.4B | $2.3B | $2.4B | $2.3B | $2.0B | $2.1B | $2.2B | $1.9B | $1.9B | $1.9B |
| Property and equipment, net | $823M | $878M | $801M | $742M | $606M | $576M | $587M | $498M | $507M | $499M |
| Total assets | $6.6B | $5.8B | $4.4B | $6.3B | $6.2B | $6.6B | $6.6B | $6.8B | $5.7B | $6.0B |
| Total liabilities | $3.5B | $2.7B | $2.6B | $4.5B | $4.3B | $4.4B | $4.4B | $4.0B | $3.9B | $4.0B |
| Shareholders' equity | $2.5B | $2.5B | $1.2B | $1.2B | $1.2B | $1.6B | $1.6B | $2.2B | $1.9B | $2.0B |
| Margins | ||||||||||
| Gross margin | 36.8% | 35.0% | 34.6% | 36.2% | 33.2% | 39.9% | 38.9% | 39.4% | 39.2% | 39.6% |
| Operating margin | 11.9% | 9.3% | β12.2% | 2.6% | β1.1% | 11.5% | 7.7% | 8.7% | 1.7% | 5.8% |
| EBITDA margin | 14.9% | 12.5% | β9.3% | 5.5% | 2.3% | 13.6% | 9.8% | 10.9% | 3.9% | 7.9% |
| Net margin | 8.5% | 8.3% | β10.5% | 1.7% | β0.3% | 9.8% | 4.8% | 11.3% | 0.9% | 4.3% |
| FCF margin | 6.3% | 27.2% | 9.0% | 6.8% | 24.7% | 14.4% | 8.4% | 5.9% | 6.5% | 7.7% |
| Returns | ||||||||||
| Return on capital | 14.1% | 16.5% | β24.8% | 7.6% | β5.3% | β | β | 83.2% | 5.1% | 24.9% |
| Return on capital employed | 14.3% | 11.4% | β18.7% | 3.9% | β1.3% | 20.8% | 13.6% | 13.5% | 2.5% | 9.9% |
| Return on equity | 19.6% | 20.8% | β35.5% | 8.7% | β1.3% | 55.9% | 24.0% | 43.3% | 3.1% | 15.4% |
| Return on assets | 8.3% | 8.4% | β12.8% | 2.0% | β0.2% | 12.1% | 5.7% | 12.1% | 1.0% | 5.0% |
| Growth | ||||||||||
| Revenue growth | β2.2% | β2.4% | β0.1% | β1.8% | β14.8% | 49.7% | 0.2% | β8.6% | β6.5% | 1.6% |
| Net income growth | 16.1% | β4.4% | β226.6% | β | β114.4% | β | β51.1% | 115.1% | β92.5% | 381.1% |
| EPS growth | 20.6% | 5.1% | β269.6% | β | β167.1% | β | β45.7% | 126.1% | β105.4% | β |
| FCF growth | 84.6% | 325.5% | β66.9% | β25.7% | 207.4% | β12.5% | β41.6% | β36.1% | 3.9% | 20.0% |
| Share count change | β3.8% | β9.0% | β21.6% | β5.3% | 0.4% | 21.2% | β10.0% | β4.8% | β18.3% | β5.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | 1.5x | 0.7x | β | 1.0x | β8.7x | β1.2x | β1.3x | β1.6x | β2.3x | β1.6x |
| Debt / equity | 0.6x | 0.3x | 0.7x | 0.6x | 0.1x | 0.1x | 0.1x | 0.1x | 0.0x | 0.0x |
| Interest coverage | 15.5x | 11.0x | β19.3x | 4.5x | β1.8x | 53.5x | 44.8x | 39.1x | 8.0x | 51.7x |
| Current ratio | 3.9x | 3.3x | 2.8x | 1.9x | 1.8x | 1.8x | 1.6x | 1.8x | 1.5x | 1.6x |
| Quick ratio | 1.8x | 1.1x | 0.5x | 0.5x | 0.8x | 0.8x | 0.6x | 0.8x | 0.4x | 0.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.3% | 3.8% | 2.1% | 2.2% | 1.6% | 1.7% | 1.8% | 1.8% | 2.3% | 2.3% |
| Stock comp / revenue | 0.1% | 0.3% | 0.3% | 0.3% | 0.3% | 0.6% | 0.5% | 0.6% | 0.3% | 0.4% |
| Payouts / FCF | 268.7% | 31.5% | 100.0% | 18.5% | 1.5% | 29.3% | 62.6% | 42.5% | 42.6% | 48.9% |
| Quality scores | ||||||||||
| Piotroski F-score | 5.0 | 5.0 | 4.0 | 8.0 | 3.0 | 8.0 | 5.0 | 7.0 | 5.0 | 8.0 |
| Altman Z'' | 6.9 | 6.8 | 3.7 | 3.2 | 3.1 | 4.4 | 3.8 | 4.5 | 3.8 | 4.4 |
| Accruals ratio | β2.1% | β22.9% | β26.4% | β8.4% | β22.2% | β7.6% | β6.4% | 3.9% | β8.5% | β6.6% |
Source: SEC EDGAR XBRL filings (CIK 0000832988). Data updated October 20, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.